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From what we can see, insiders were net buyers in Fitzroy River Corporation Limited's (ASX:FZR ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Fitzroy River
Fitzroy River Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by insider Troy Harry for AU$283k worth of shares, at about AU$0.13 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.17. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of Fitzroy River
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Fitzroy River insiders own 50% of the company, currently worth about AU$9.4m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Fitzroy River Tell Us?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Fitzroy River. Looks promising! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Fitzroy River is showing 4 warning signs in our investment analysis, and 2 of those are potentially serious...
Of course Fitzroy River may not be the best stock to buy. So you may wish to see this free collection of high quality companies.